Oakwood Healthcare, Inc.

62
Form 5500 Data

Overview

Plan Rating

BrightScope Rating
62
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (22)
Average in Peer Group (67)
Highest in Peer Group (91)

Plan Description

Oakwood Healthcare, Inc. Matched Savings Plan is a defined contribution plan. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Total Plan Cost. Oakwood Healthcare, Inc. Matched Savings Plan currently has over 11,500 active participants and over $413.2M in plan assets.

Did you know?

For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (62) and the top rated plan (91) could equate to:
17
Additional years of work
96,531
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2015
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address Beaumont Health 2000 Town Center, Ste 1200
  • Location
    Southfield , MI
  • 48075
  • Industry
    Health Care and Social Assistance
  • Administrator
    John Fox
  • Sponsor
    J. Paul Conway
  • Net Plan Assets
    $413,000,000
  • Total Participants
    12,000
  • Avg Account Balance
    $63,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Above Average
Account Balance:
Above Average

Design

Total Plan Cost:
Low Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Poor
Salary Deferrals:
Average
Account Balance:
Average
Are you a Plan Sponsor?
Benchmark your plan against others to achieve your business objectives.

Investments

Investment Menu Stats

# of Investment Options

62

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
VALIC Fixed Interest Option Fund 10%
N/A
Fidelity Contrafund 8%
24%
Total Other Investments 8%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Lincoln Financial
Insurance Carrier
Valic
Insurance Carrier
Voya Financial (ING)
Insurance Advisor/Broker
Lincoln Financial
Insurance Advisor/Broker
VSR Financial Services, Inc.
Insurance Advisor/Broker
Michael McClintock
Insurance Advisor/Broker
Summerville, Howard
Insurance Advisor/Broker
Silburn Tomlin
Insurance Advisor/Broker
Securities America, Inc.
Insurance Advisor/Broker
Richard Gladding
Insurance Advisor/Broker
Tobias P. Cardone
Insurance Advisor/Broker
TBS Agency, Inc.
Investment Adviser
Valic
Legal Counsel
Valic
Recordkeeper
Valic
Administration
Lincoln Financial
Investment Adviser
Flexible Plan Investments, Ltd.
Auditor
George Johnson & Co, LLP

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question